New Market Report: Non-Life Insurance in South Africa, Key Trends and Opportunities to 2017
South Africa's is the largest insurance industry in Africa, dominating the region by contributing more than half the total direct premiums in the non-life segment. The segment grew from a written premium value of ZAR59.7 billion (US$7.4 billion) in 2008 to ZAR79.8 billion (US$9.8 billion) in 2012, at a review-period (2008-2012) CAGR of 7.5%. This was backed by GDP growth, progress in the automobile and property sectors and a rise in public awareness with regards to insurance products. New regulations...
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